Understanding the Total Cost of Acquiring this Property

This detailed breakdown clarifies the total cost involved in securing this property, ensuring transparency and facilitating informed decision-making. The property’s attractive features are complemented by a clear understanding of all associated expenses.

Property Details

The property’s rent is set at a competitive ₦7,500,000. This figure forms the foundation of the total acquisition package.

Cost Breakdown

In addition to the rent, several other costs are associated with the acquisition process. These include:

• Agency Fee: A 10% agency fee is payable, amounting to ₦750,000 (10% of ₦7,500,000).
• Legal Fees: To ensure a smooth and legally sound transaction, legal fees of 10% are applicable, totaling ₦750,000 (10% of ₦7,500,000).
• Caution Fee: A cautionary fee of 10% is also required, adding ₦750,000 to the overall cost (10% of ₦7,500,000).

Total Acquisition Package

Combining the rent with all associated fees, the total package for acquiring this property comes to ₦9,750,000. This figure represents the complete cost of securing the property and encompasses all necessary expenses.

Key Considerations

It’s crucial to factor in these additional costs when budgeting for this property acquisition. Understanding the complete financial commitment ensures a smooth and stress-free process. This comprehensive breakdown aims to equip potential buyers with the necessary information to make informed decisions.

For further clarification or inquiries, please don’t hesitate to contact us.